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Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.

Putting that newness in the broader context of Earnings #Slowing Season to-date, here’s your real-time update:

  1. 399 of the SP500’s companies have reported aggregate year-over-year (y/y) growth of +1.2%
  2. Materials (25 of 27 have reported an aggregate y/y DECLINE of -29.4%)
  3. Tech (47 of 67 have reported an aggregate y/y DECLINE of -6.9%)
  4. Consumer Discretionary (37 of 61 have reported an aggregate y/y DECLINE of -1.3%)

CHART OF THE DAY: Earnings Season Update - Earnings Worst Growth Rates of the Q2 Reporting Season

CHART OF THE DAY: Earnings Season Update - early look